9 April 2020 (8:02 am IST)
8 April 2020 (10:32 pm EDT)
US stock markets had another rally in their overnight session and gained more than 3%. Looking at the Dow Jones chart, a “stairway (building) to heaven” pattern is clearly visible.
Other markets are following that pattern and an uptrend is slowly taking shape in world stock markets.
Today, in Asia, all major markets are trading positive. SGX Nifty is 100 points up, showing a positive opening for Indian stock markets.
US stock futures are slightly down but European futures are mixed.
Major stock markets will remain closed tomorrow for Good Friday, so this will be the last session of the week. Profit booking may trigger volatility in markets so day traders should be cautious and follow the trend in their local markets.